Quarterly report pursuant to Section 13 or 15(d)

Investments In Affiliates Accounted For Using The Equity Method

v2.4.0.8
Investments In Affiliates Accounted For Using The Equity Method
 6 Months Ended
Jun. 30, 2014
Investments In Affiliates Accounted For Using The Equity Method  
Investments In Affiliates Accounted For Using The Equity Method
Investments in Affiliates Accounted for Using the Equity Method
Liberty has various investments accounted for using the equity method. The following table includes Liberty's carrying amount, fair value, and percentage ownership of the more significant investments in affiliates at June 30, 2014 and the carrying amount at December 31, 2013:
 
June 30, 2014
 
December 31, 2013
 
Percentage
ownership
 
Fair value (Level 1)
 
Carrying
amount
 
Carrying
amount
 
 
 
dollar amounts in millions
Interactive Group
 
 
 
 
 
 
 
    HSN, Inc.
38
%
 
$
1,186

 
$
313

 
293

    Other
various

 
NA

 
50

 
50

        Total Interactive Group
 
 
 
 
363

 
343

Ventures Group
 
 
 
 
 
 
 
    Expedia, Inc. (a)
18
%
 
$
1,818

 
476

 
477

    Other
various

 
NA

 
397

 
417

        Total Ventures Group
 
 
 
 
873

 
894

Consolidated Liberty
 

 
 

 
$
1,236

 
1,237

The following table presents Liberty's share of earnings (losses) of affiliates:
 
Three months ended June 30,
 
Six months ended June 30,
 
2014
 
2013
 
2014
 
2013
 
amounts in millions
Interactive Group
 
 
 
 
 
 
 
    HSN, Inc.
$
9

 
11

 
31

 
31

    Other
(2
)
 
(7
)
 
(3
)
 
(11
)
        Total Interactive Group
7

 
4

 
28

 
20

Ventures Group
 
 
 
 
 
 
 
    Expedia, Inc. (a)
10

 
10

 
4

 
(10
)
    Other
(13
)
 
(7
)
 
(30
)
 
(14
)
        Total Ventures Group
(3
)
 
3

 
(26
)
 
(24
)
Consolidated Liberty
$
4

 
7

 
2

 
(4
)


(a) TripAdvisor, a consolidated subsidiary through Liberty's voting interest and board representation, earned revenue of approximately $60 million and $125 million for the three and six months ended June 30, 2014, respectively, and $54 million and $115 million for the three and six months ended June 30, 2013, respectively, from Expedia, Inc.